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BingX Exchange Hacked, Over $52M Stolen Including 4,526 ETH and 7,864.7 BNB

Sep 20, 2024, 05:44 AM

Singapore-based cryptocurrency exchange BingX has suffered a significant security breach, resulting in the theft of over $52 million in digital assets. The attack, which occurred on September 20, 2024, involved the exploitation of BingX's hot wallets, leading to the transfer of funds across multiple blockchains, including Ethereum, BNBChain, and others. Initially, reports estimated the losses to be around $20 million, but later assessments indicated that the total amount stolen exceeded $52 million. The stolen assets included 4,526 ETH and 7,864.7 BNB. BingX's chief product officer, Vivien Lin, confirmed the hack and described the asset loss as minor, stating that the exact amount is still being calculated. Withdrawals have been temporarily suspended as the exchange conducts a thorough investigation. BingX has pledged to fully reimburse all affected users using its own funds.